Badeji, Mariam Adedamola  <br/><br/>
THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND INCOME INEQUALITY / 
MARIAM ADEDAMOLA BADEJI; SUPERVISOR: ASST. PROF. DR. HASAN RUSTEMOGLU 
 - 90 sheets;  31 cm.  Includes CD 
<br/><br/>Thesis (MSc) - Cyprus International University. Institute of Graduate Studies and Research Economics Department 
<br/><br/>Includes bibliography (sheets 49-54) 
<br/><br/> ABSTRACT<br/>This research investigated the relationship between income inequality and economic <br/>growth by examining the role of human capital thus giving this research a different <br/>perspective that has long been overlooked by previous studies. The Organization for <br/>Economic Cooperation and Development (OECD) nations includes developed as well <br/>as developing nations therefore, fashioned appropriately as the case study for this <br/>research seeing as we observe inequality – in pay, income, gender etc. – even in the <br/>most developed nations. Although the OECD economies jointly have in their capacity <br/>a great economic advancement both technologically and in terms of the monetary <br/>system, they seem to lack the proper equipment when it pertains to mitigating the <br/>effects of the great disparities amongst their citizens as a result of income inequality. <br/>Thus, this research attempt to determine how much of an effect income inequality has <br/>on economic growth by examining the role of human capital within the periods of 1990 <br/>– 2020. Using an unbalanced panel data for 38 OECD nations we ran descriptive <br/>analysis and other forms of regressions by estimating the simple growth model put <br/>forward by Solow (1956) in his literature. Multipliers like Pagan Lagrangian and <br/>Breusch test were ran in other to determine if pooled OLS Regression or Random <br/>effects model were the best model to analyze The Fixed Effects Model (FEM). These <br/>tests carried out showed that inequality does have a negative effect on the economic <br/>growth with the OECD community. According to the panel cointegration test done it <br/>was determined that there is a long-term association between income inequality and <br/>economic growth.<br/>Keywords: Development, Economic Growth, Gini Coefficient, Human Capital <br/>Income Inequality, Kuznets Curve 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Economic development--Dissertations, Academic<br/>Human capital--Dissertations, Academic<br/>Income distribution --Dissertations, Academic<br/>Gini coefficient--Dissertations, Academic